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Jul 01, 2011, 10.26 AM IST
Equities registering record lows and losing more than half of their value from their 52-week highs have been plentiful in the midcap space.
Equities registering record lows and losing more than half of their value from their 52-week highs have been plentiful in the BSE-500 universe. Weighed down by poor global events and bear plays, as many as 83 stocks (see table on next page) have wiped out half of their gains in one year.
One of the biggest free fall was seen in GTL and its sister concern GTL Infrastructure . The former lost more than 60% in one day as terrified investors hurried to get rid of the telecom infrastructure companies’ shares on a host of concerns. Stocks of GTL Infra and GTL are currently trading 69.17% and 80.89%, respectively, below their 52-week highs.
Meanwhile, there are other stocks which got battered on the BSE 500. Sector-specific, realty and infrastructre stocks witnessed the biggest knocks, ranging between 65% and 85%. Notable losers in infrastructure pack include Lanco Infra , GTL Infra and ARSS Infra . Besides DB Realty other stocks to get hammered in the realty space are Orbit Corp , Unitech and Ackruti City .
On next page: List of 80 companies trading 50% lower than their yearly highs.
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